Equities

TCN

Real Estate Development & Operations

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
15.34 ^CAD	-0.78%		+0.07%	+27.20%

May. 02	Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Capped Composite Index	CI
May. 02	Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Completion Index	CI

Tricon Capital Group Inc. Acquires Large Single-Family Rental Portfolio in Charlotte, Increasing its Portfolio to over 1,500 Homes Across the United States

January 03, 2013 at 06:00 am EST

Tricon Capital Group Inc. announced the acquisition of a 550 unit portfolio of homes in Charlotte, North Carolina for USD 26 million. The portfolio was assembled over several decades by a private individual and has an occupancy rate of approximately 95%. Based on current rents in place and historical operating expenses, the purchase price equates to a cap rate of over 12.5% (before maintenance/capex reserves).

Tricon is entering Charlotte in partnership with Lake Success Living, which has been active in Southeast Florida (Miami-Dade, Broward and Palm Beach Counties) since 2009 and in Charlotte since mid-2012.

Latest news about TRICON CAPITAL GROUP

Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Capped Composite Index	May. 01	CI
Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Completion Index	May. 01	CI
Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Composite Index	May. 01	CI
Tricon Residential Inc.(TSX:TCN) dropped from S&P Global BMI Index	May. 01	CI
Blackstone Real Estate Partners X L.P., a fund managed by Blackstone Real Estate Advisors L.P., completed the acquisition of remaining 88.4% stake in Tricon Residential Inc..	Apr. 30	CI
Tricon Residential Brief: Announcing Receipt of Investment Canada Act Approval for Take Private by Blackstone Real Estate; No Further Regulatory or Shareholder Approvals Required	Apr. 25	MT
Tricon Residential Gets Final Regulatory Approval for Sale	Apr. 25	DJ
REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	Apr. 17	MT
TSX Brief: MT Canada Notices Trading Halt Placed on Tricon Residential Inc. Due To a "Single Stock Circuit Breaker", But It Was Down Less Than 1%	Apr. 12	MT
Tricon Residential Brief: Says Receiveed Final Court Approval for Take Private by Blackstone Real Estate	Apr. 05	MT
Tricon Residential Brief: Shareholders Approve Proposed Take Private by Blackstone Real Estate	Mar. 28	MT
Exxon Mobil Executive Reportedly Warns of Shrinking Gas Supply in Australia	Mar. 26	MT
Tricon Residential Brief: Releasing 2023 Annual Sustainability Report	Mar. 26	MT
Tricon Residential Brief: Independent Proxy Advisory Firms ISS and Glass Lewis Recommending Shareholders Vote FOR Arrangement Resolution Approving Transaction with Blackstone Real Estate	Mar. 18	MT
National Bank Reviews in-Line Q4 For Tricon Residential	Feb. 28	MT
Tricon Residential's Q4 Core FFO Down, Single-Family Rental Revenue Up	Feb. 28	MT
Tricon Residential Brief: Recently Announced Receipt Of Interim Order For Proposed Take Private By Blackstone Real Estate And Provided Details Of Special Meeting	Feb. 27	MT
Tricon Residential Brief: Net loss from continuing operations was US$35.5 million in Q4 2023; basic and diluted loss per share from continuing operations were both $0.14	Feb. 27	MT
Tricon Residential Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
Tranche Update on Tricon Residential Inc.'s Equity Buyback Plan announced on October 13, 2022.	Feb. 26	CI
North American Morning Briefing : Earnings Back in Focus Ahead of Fed Minutes	Feb. 20	DJ
MT Newswires Canada Stocks To Watch: SSR Mining, Tricon Residential; Imperial Oil; FSD Pharma	Feb. 19	MT
Tricon Residential Shareholders To Vote On Blackstone's Takeover Deal	Feb. 16	DJ
Wolfe Research Downgrades Tricon Residential to Peer Perform From Outperform	Feb. 01	MT
Raymond James Downgrades Tricon Residential to Market Perform From Strong Buy	Jan. 22	MT

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Company Profile

Tricon Residential Inc. is an owner, operator, and developer of a portfolio of approximately 38,000 single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. The Company provides rental housing options for families across the United States and Canada through its technology-enabled operating platform and on-the-ground operating teams. The Company's segments include Single-Family Rental, Adjacent Businesses, and Strategic Capital. The Single-Family Rental business includes owning and operating single-family rental homes primarily within major cities in the United States Sun Belt. Its Adjacent Businesses include multi-family rental and residential development. Its multi-family rental business segment includes one Class A high-rise property in downtown Toronto known as The Selby. Through its Strategic Capital business, the Company provides asset management, property management and development management services.

Sector

Real Estate Development & Operations

Calendar

2024-08-06 - Q2 2024 Earnings Release (Projected)

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Sector Residential Real Estate Development

	1st Jan change	Capi.
TRICON CAPITAL GROUP	+27.20%	3.32B
VONOVIA SE	+1.65%	26.03B
AKELIUS RESIDENTIAL PROPERTY AB	+10.33%	11.16B
CHINA VANKE CO., LTD.	-33.56%	10.6B
DEUTSCHE WOHNEN SE	-21.05%	8.18B
LEG IMMOBILIEN SE	+5.42%	6.79B
VINHOMES	-10.88%	6.6B
VINGROUP	-6.39%	6.11B
OPEN HOUSE GROUP CO., LTD.	+29.05%	4.02B
IIDA GROUP HOLDINGS CO., LTD.	+3.39%	3.88B

Residential Real Estate Development